tom mitchell, who was pa rt next year.. thank you so much indeed for being with us. tell us a bit about the shock of when you got the news about the funding. yes. i think when the olympics was postponed for another year, we were hoping that oui’ another year, we were hoping that our programme would continue were normalfor our programme would continue were normal for another year. i think we probably know a couple of months before he got made officially announced publicly. it was a tough one. we were hoping to continue on to tokyo and pursue what we had been working towards for four years and u nfortu nately working towards for four years and unfortunately that hasn't quite worked out like that. tom, what made you decide to go to the crowdfunding group and how much do you want to make from this appeal? the crowdfunding root and are pro sports pages is one part of a bigger fundraising effort. we have guys who working on budgets, a lot of conversations with people in our networks because ultimately they so many they need to c

mitchell. this is bloomberg. tom: some breaking lines crossing the terminal, caught up in this accounting scandal, being fined by chinese regulators and authorities around 61 million yuan. firms,coffee and other this was a company embroiled in a scandal over exaggerating their sales numbers. elsell bring you anything when we get more details on that story. vonne: interesting to see china with this fine.

tom costello, nbc news, washington. >> i'm andrea mitchell in washington where tonight the conflict between president trump and the nation's top infectious disease expert is out in the open dr. anthony fauci disagreeing with what the president said in michigan last night. >> we're rounding the turn you see what's happening, you see the numbers are plunging. >> reporter: but dr. fauci the same day saying it was time to hunker down. how do you square those two messages >> i'm sorry, i have to disagree with that. because if you look at the thing you just mentioned, the statistics, andrea, they are disturbing. >> reporter: those numbers, nearly 40,000 cases a day in the u.s., and 1,000 deaths. >> when people will be spending more time indoors, and that's not good for a respiratory born virus you don't want to start off already with a baseline that's so high. >> reporter: another disagreement those large campaign rallies, even outdoors, without social distancing or masks. >> just because you're outdoors does not mean you're protected, particularly if you're in a crowd and you're not wearing mask

mitchell. this is bloomberg. francine? tom? francine: thank you, karina.up, we talk of the pandemic, back-to-school, and of course vaccines. this is bloomberg. ♪ s is bloomberg. ♪ tom: "bloomberg surveillance.: " a jobs day at 8:30. it will be an important jobs day, culminating with jonathan ferro's discussion with mr. kudlow in the 10:00 hour. some of it does pull into the economy and to the jobs economy, and that is about this pandemic. andrew pekosz has been wonderful to give us perspective, with johns hopkins university for your do i want to get back to the core matter, which is social distancing. if you are wearing a mask, what is the appropriate distance? prof. pekosz: well, i think, practically speaking, six feet seems to be the number that most people are quite familiar with, and i think all the data suggest that, you know, if you maintain that come along with a mask, you have at least two things in place that will help prevent transmission. so that is the simplest thing to try to get across to people as an effective means of practicing this physic

mitchell. this is bloomberg. tom: thanks so much. equities, bonds, currencies, commodities. you look at the bloomberg launchpad, and it is a blur of numbers. you try to see the correlations that are out there. the number one message is let's nights -- is last night's debacle was not correlated. dow futures up 150. the vix comes in from a 33 level into 32.34. 24, andat 21, and then exploded out yesterday to the 33 level. the real yield barely moves, which speaks to the domino inflation. , thet juckes mentioned foreign exchange market was shockingly stable yesterday. some equity strategists suggest equities delinked from the rest. francine: a couple of things i'm watching. it's the non-correlation we need to look at. i looking at gold, higher a touch. the dollar pretty much steady. the stoxx 600 was actually fluctuating. we saw losses, and that initial ins was a because banks spain are gaining on a potential merger between the two biggest lenders. just an added story we need to look at. stocks,pened in equity athey,et to james aberdeen standard director. what is underlying the

i am karina mitchell, this is bloomberg. tom: senior u.s. officials saying taiwan's hopes are wishful thinking. they are tying in taiwan. we are watching and talking geopolitics, tencent shares. they are extending losses. that is after the trump administration asked gaming companies for information about their data security protocols involving tencent. it is the latest move in president trump's crackdown on chinese tech firms. let's get the details from jodi schneider. tencentd of scrutiny is receiving? what are the concerns on the part of the u.s. government? inquiry about the foreign investment in the u.s.. invest businesses for national security risks. this includes the trumpet administration looking into a number of chinese companies and their ties to u.s. firms. this has been the latest source of tension with the beijing government. trump'srt of president election campaign. tencent.king into that is the world possible largest gaming company. in epic.as a 40% stake they are taking a look at this and seeing if there should be any national

tom: know that is me pushing the mower with the beverage of choice in my hand. mitchell, thank you. it is truly nationwide. lisa: key question. bowtie lawnmowing or no bowtie? mitch: right now i could get away with that. the heat of summer i put the bowtie down. futures -26. we are down to a true correction. lisa: there is a question about momentum in the u.s. economy, jobless claims messy, hard to get a full read. the trend is not that encouraging. where is that momentum? we are not seeing it in the u.s. economy. tom: dollar strength through the morning, dxy -- bloomberg dollar index also moving to new highs. ounce, down57 an $11. in the bond market, even some .6642.t there, we count four digits, the roman method. futures deteriorate, dow futures -178. nasdaq 100 does little bit worse. the jobless claims, it was sobering. lisa: the idea we are not necessarily seeing gains, we see a worsening in the labor market this far in the suppose it recovery. this should fuel the debate in washington. tom: may be fuels the debate to the debates and we will have debate coverage from

tom mackenzie in beijing. let's now turn to karina mitchell with the first word headlines. karina: japan's whirling party -- ruling party is said to pick a new leader monday. they will then be elected prime minister. demanding lower mobilephone fees and putting in alliance with u.s. around foreign. more than 80 people have been arrested and hundreds fined in melbourne after sporadic protests against the city's strict rubdown -- lockdown. the state government offered businesses another $2.2 billion in cash grants, relief, and fee waivers. that is equivalent to about a quarter of the state's annual tax revenue. global coronavirus cases are now nearing the 29 million mark, as more than 920,000 dead. the u.k. is set for tighter restrictions on social gatherings starting monday, following three consecutive days of more than 8000 new daily cases. france also reporting a surge of more than 17,000 cases over the weekend, the most since the end of its lockdown. says there likely vaccine will be available to the american public before the end of the year. he says he is confident it w

and you know mercer mentioned all those out i was there and tom hanks was cabin which is burned to the ground other groups of joni mitchell and crosby stills and nash and all of the stuff everybody and rock and i had the idea of the concept album that is since people were now listening to the album it was a technological advancement we were at the gilded age of analog recording and that album form provided that continuity. that people say so song and it became a discipline and our pro forma everything had to be just so for example new thought had to think about the 1st cut you had to think about the last card you had to think about the amount of time thinking about the amount of time it would take to turn it over and get to the b. side what the 1st cut would be the how what and then do you want to build or or of operate your most recent album spangled it's also a concept you decided to put famous pan-american songs together with a reason and what has kept you on this track in my case is with people around gaby modano one of the people around found parkes is grammy winner gaby marino a singer songwriter from guatemala she

mitchell. this is bloomberg. tomaking lines crossing the terminal, caught up in this accounting scandal, being fined by chinese regulators and authorities around 61 million yuan. firms,coffee and other this was a company embroiled in a scandal over exaggerating their sales numbers. elsell bring you anything when we get more details on that story. vonne: interesting to see china with this fine. a quick look at the markets. the text selloff we saw recovered toward -- toward a late session in the u.s.. u.s. futures very much in the red. morgan stanley saying, when it comes to the text selloff in the u.s., we are only halfway there. nikkei futures still a touch higher. the u.s. dollar has been steady but we saw a surge in haven buying. that is affecting currencies in this part of the world. bonds, we saw treasuries in particular did get bid up overnight. 10 year bond futures still in the green. continue as well, we to see zi yan on its strength. just arude recovering bit after we saw that 4% drop in oil overnight. will b

mitchell. this is bloomberg. tom, back over to you. our topht, back to story, u.s. lawmakers may be set for more stimulus talks with nancy pelosi and steven mnuchin ready to sit down as said officials appeal for more help. democrats are drafting a proposal of $2.5 trillion to take into possible negotiations with the white house and senate republicans, however, that amount may be more than republicans are willing to accept. president trump indicated he would go as high as 1.5 trillion with neither side looking prepared for a compromise. lawmakers are skeptical that an agreement can be reached before the election. let's get some insight from theresa you gibson -- theresa jacobson. thank you for joining us. we have had the appeals from the fed. we are looking at a high frequency data out of the u.s. showing a slowdown. there is little diversions. it is more stimulus needed for stocks in the u.s.? certainly, the issue of stimulus has been a real overhang for the market, and the stimulus has certainly helped wall street, but there are a lot of pockets of main street that

and to numerous to mention all those out i was there and tom hanks of cabin which is burned to the ground other groups of joni mitchell and crosby stills and nash and all of the stuff everybody and rock and i had the idea that there's a concept album that is since people were now listening to the album it was a technological advancement we were at the gilded age of analog recording and that album form provided that continuity. that people say sought and it became a discipline and a pro forma everything had to be just so for example new thought had to think about the 1st cut you had to think about the last card you had to think about the amount of time thinking about the amount of time it would take to turn it over and get to the b. side what the 1st cut would be how would it and then did you want to build or or have operate your most recent album spangles it's also a concept that you decided to put famous pan-american songs together with a reason and what has kept you on this track in my case is the people around me gaby modano one of the people around found like parkes is grammy winner gabby marino a singer songwrite

i'm karina mitchell, this is bloomberg. tom: want to get our viewers up to speed on a story unfolding. south korean military has confirmed that the north korean shot and cremated the body of a missing fishery employee. the south korean military has strongly condemned what it calls brutality by north korea and have urged the north korean regime to explain the incident and punish whoever was responsible. these lines are crossing the terminal. south korea saying it has determined the north koreans shot and cremated a south korean fisheries ministry employee. we will bring you more as we get it on that unfolding story. just ahead, more on the back and forth over the tiktok saga. later in the show we discuss malaysia's political prospects with the head of aberdeen standard. he will tell us how he is deploying some of the $530 billion of assets under management. after that, jpmorgan asset management tells us how chinese entry into the ftse russell index will affect the bond market. we will also talk about the fed. this is bloomberg.

shery: our markets: kurt, tom mackenzie in beijing. regard to karina mitchellor the first word headlines. karina: global coronavirus cases have passed the 30 million mark, with more than 940,000 deaths, as the world organization warns of a resurgence in europe. france is reported the most new daily covid cases since the end of the lockdown in may. for the second time in less than one week, there were more than 10,000 new infections. the northeast of england is introducing tough restrictions. meanwhile, the highest level of u.s. officials to visit taiwan in decades has made a second visit in a week, prompting the threat of retaliation from china. the u.s. undersecretary of state arrived thursday evening to meet the island's president, premier and foreign minister, as well as to attend a memorial for the country's former executive. the fed says it will decide in two weeks whether to prolong the limits on its biggest u.s. banks. the measure was announced in june and were due to last until the end of the third quarter. the bank of england has given the clearest sig

i am karina mitchell, this is bloomberg. over to you, tom. tom: -- seeing we are actually this reversing the earlier losses here. positivespiking to the . the balance of risks remain to the downside. the progress on the ability to deploy further measures is needed. the bagging system on track to be ready. beenis what investors have anticipating here. we have seen some big swings in the currency here. it should beginning on the back of this with the maintaining that key rate here today. here is the three-day chart. it has been down about one point in percent. -- 1.8%. quite let's get to the markets now, asian stocks trading lower. recovery prospects. the asian now is pacific cio and global cio for equities. great to have you. debate goingo be a on. it is time to de-risk. the liquidity we receive from central banks means these tech stocks and equities can rally no matter what. where do you sit? for big returns are not so great. had an may, june, we steep capital market. we had high, expected returns. close to double digits. atht now we are look

mitchell and rooting him on like the rest of the change family. and a big thanks to juju for sharing that very personal story. i'm tomend will be really hot. be smart about what you're out doing. >> rising temperatures and the concern about what will be a hot, hot holiday weekend. good afternoon. thank you for joining us. >> a statewide flex alert has been issued for the holiday weekend. it is calling for voluntary electricity conservation between 3:00 and 9:00 p.m. that means don't use major pligss during that time. turn off unnecessary lights and set your air conditioner to 78 degrees if you can. let's check in with spencer to it will not be only ill be. acceptably hot bsibly dangerously ho here's a look at the thr days

mitchell and rooting him on like the rest of the chang family. and a big thanks to juju for sharing that very personal story. i'm tom llamas.right back here tomorrow night. stay safe. good night. >>> smoke is coming from the wildfires around the bay area and time is running out for firefighters to get full containment. >>> the latest on a dangerous heat wave building this labor day weekend. a closer look coming up. >> a record setting streak that keeps getting longer. this is the 17th straight spare the air day in a row and it's not over yet. firefighters are in a battle against elements out of their control. time and weather. time is starting to run out and the weather could both help and hurt their efforts. >> the way it is picking up to move the smoke, it is going to pick up and move the fire. >> good evening. thank you for joining us. >> firefighters are literally racing against the clock to get the wildfires under control while the weather is cooperating. the scu complex fire will likely be contained by september 12th. the lnu complex should be contained by tuesday, september 8. full containment for the czu in snoos an

mitchell. and historian doris kerns goodwin. columnist at usa "today" and author, tom nickels. cal reporter for "the washington post," an msnbc political analyst, robert costa. and former senator claire mccaskill is still with us as well. andrea mitchell, i'd love to hear your thoughts on the legacy of justice ginsburg. but also now on the political battle that has ensued given her death has come just weeks before the election. >> she would have hated this battle. this is exactly what she was hoping to avoid. why she was hoping to hang on, even though she had pancreatic cancer and was struggling but still wrote a stinging descent in a july case, just recently was still writing strongly. the fact that she was failing at the end, at that point according to nina totenberg, who knows her so well, unable to do the legendary workouts we're seeing in the documentary, the fact she was still in pain and dealing with her medical issues did not stop her from doing stellar work. she was the most disciplined, meticulous person, her clerks attest to that, and we saw it in her writing. and the

shery: tom mackenzie in beijing with the latest on the wto ruling on the u.s. tariffs let's turn to karina mitchell for the first word headlines. karina: thank you. hong kong struggled economy has been given a boost with $3.1 billion in new virus relief stimulus. some restrictions are being lifted. the money will be sent to help affected industries on rent consumptions. hong kong will extend dining services at restaurants by two hours to midnight and reopen bars and theme parks for a week starting friday. thailand, its move to step closer to welcoming back foreign tourists as it looks to revive its biggest industry following a ban.month visas have been approved for tourists planning to stay between 90 and 280 days but they will need to undergo a 14 day stay quarantine on arrivall. thailand's economy is expected to contract by 8.5% this year. monitoring pfizer's experimental covid-19 vaccine trial reported no safety issues after more than 12,000 people received their second of two doses. the trial is expanding to 44,000 subjects. teenagers and people with certain medical conditions will also be allo

the game is on, and guy mitchell has now come throughjust in and guy mitchell has now come through just in front of old tomorning. we havejust seen that winning race. i am no expert on horse racing, but give settled through of the final moments. oh, this belief does make disbelief, really, he came out the outside at a rate of knots ——he came out side at a rate of knots, and everything went silent. and i thought it must be that i wasn't in —— i was in front. idid not that i wasn't in —— i was in front. i did not look around and pushed to the line, hoping to win, which is what actually happened in the end. guy, naga here. does the horse know when it has one? i have always been intrigued. you have such a close relationship with the horse it is inevitable. and they are such communicative animals and instinctive, but how did they react? i think some horses definitely know when they have done enough and when they have hit the front and you can see if you look at the replay. about half a furlong to go, he hit the front and his ears pricked, and he started to idle a bit, and that is when i started panicking, going